Trends in Regulatory Technology

Dr. Perry Beaumont is a university lecturer with extensive experience in insurance and the finance sector. The author of Digital Finance: Big Data, Start-Ups, and the Future of Financial Services, Dr. Perry Beaumont specializes in financial analysis of the digital transformation and the fields of FinTech, InsurTech, PropTech, and RegTech.

Among the salient trends in RegTech (regulatory technology) is the move to cloud deployment. As cloud operations become more commonplace and accessible, real-time compliance-as-a-service tools are being developed and will increase in the near future.

Further, the application of RegTech tools to assess the regulatory impact of business decisions is becoming more mainstream. Digital tools allow companies to identify and implement laws relevant to business strategies and anticipate which solutions need to be developed.

Perhaps more than any other trend, the application of RegTech in tax solutions is gaining significant ground. As tax authorities become more draconian, RegTech is stepping up to offer tax-efficient investment data and advice.

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